2014

May 2015

As highlighted in our July article, a common challenge for any business, big or small, is planning for changes in management and/or ownership. While planned exits have complications, unplanned exits bring an additional set of challenges including funding of business partner interests.

Often couples wish to create Wills that mirror each other in their intentions. However, because it is public policy that an individual can change their will at any time it is possible that the survivor may amend their Will after the other’s death. One way to avoid this problem is...

The previously announced reduction in the corporate tax rate to 28.5% for companies with an aggregated annual turnover of less than $2 million is scheduled to commence from 1 July 2015. Other corporate entities retain the existing 30% rate with the franking rate of 30% on dividends to be retained...